Financial Risk Management 1 & 2
"Financial Risk Management 1 & 2" Module is part of the "Certified Chief Risk Officer (C-CRO)" training program.
Description
This module is aimed mainly to accountants, auditors and company executives. The objective of this module is to present, in depth and with a practical orientation, the various types of financial risk faced by the modern corporate executive in core activities. The module analyses the requirements of law 4606/2020 for Corporate Governance and provide guides in order for execut ives to prepare a Risk Management Report.
Target Audience
About
Subject Areas
Definition and Identification of the Risk
The role of the Credit Risk Officer based in law 4706/2020
Exploring available development strategies
Basic strategic choices
Forms of growth
Value Creation through M&A
M&As as a tool for growth strategy
Can an M&A falter as a growth strategy?
Elements that a high-growth strategy should include
Significant M&As in history
Successful & unsuccessful M&As cases
The necessity of Risk Management Policy in listed companies
The global M&A market today
Evolution of the market
How valuations are affected by time
Highlighting the market’s major participants
Leading financial & legal advisors
Global M&A activity – regional breakdown
M&A activity in Greece
Estimating strategic buyers in Greece
Expectations & trends regarding the M&A market
Risk Measurement
Initiate the process
Preparation Stage – Preparing the company / identifying and approaching buyers
Pre-Due Diligence Stage – Distribution of information
Due Diligence Stage – The sale process – launch the VDR
Negotiation Stage – Post heads of terms – finalize the price
Completion stage – SPA advisory: protecting seller value
Letter of Intent & Head of Terms: Financial & Legal aspects
Introducing Heads of Terms
Types of Heads of Terms
Binding or non-binding?
Exclusivity
Deal momentum
Price expectations
How price can be affected
Assumptions and deviations
Final price fluctuations Legal jurisdiction
_____________________
Negotiation Tactics during the process
Locked box Vs Completion Accounts
Earn out mechanisms
Drag-along rights and Right of First Refusal
Shareholder’s agreement / SLA / CMA
Receive the offers
How to maximise the pricing – Best & final
Tax & Regulatory implications
Capital Budgeting Decisions under uncertainty
TYPES
Share Deal
Asset Deal
Equity Carve-out
Spin-off and Split-off
Scope and process of due diligence process
What is Legal Due Diligence and Types?
Legal Due Diligence SELL-SIDE
Legal Due Diligence BUY-SIDE
How long does the Legal Due Diligence Process Take?
Legal due diligence request list
Online Data Room
Due Diligence Activities in an M&A Transaction – Disclosure Schedule
The Due Diligence Report
Types and uses
Identify Red Flags
Using information as a bargaining tool
Key takeaways
Business Value & Financial Risk
Financial & Tax Due Diligence: Sell Side & Buy Side. Vendor assistance
Objectives of a Due Diligence Engagement – Scope of Work
Due Diligence Report (Red Flag & Full report)
Due Diligence common findings & relevant adjustments
- Quality of Earnings / Quality of Net Assets
- Normalized EBITDA
- Normalized Working Capital
- Net Debt
- Due Diligence Transaction Mechanism
- Commercial Due Diligence – key issues
- Objectives and scope of work
- Internal aspects
- External aspects
- Current and potential market value estimation
- Commercial Due Diligence Report
- Human Resources Diligence
- Objectives and Scope of Work
- Culture and Capabilities
- Procedures and policies
- Legal and compliance issues
- Benefits
- Common Findings
- HR Due Diligence Report
How to prepare a Risk Management Report
Key financial ratios
Historical trends in financial statements
Market analysis & benchmarking
SWOT/PESTEL analysis
16
Hours Live Online
0%
Skilled and Profesional Advisors
0k+
Ambitious Training Attendes
0+
Years of Experience
0+
Trainings & Certificates
